Which of the Following Statements Is Correct with Respect to Intangible

question 35

Multiple Choice

Which of the following statements is correct with respect to intangible assets?

• A) Internally generated publishing titles may be revalued if fair value is determined by reference to an active market.
• B) Purchased goodwill should be amortised over a period of twenty years.
• C) Internally generated brands are not recognized as intangible assets because expenditures in these assets are not distinguishable from the cost of developing the business as a whole.
• D) Internally generated brands are recognized as intangible assets because expenditures in these assets are not distinguishable from the cost of developing the business as a whole.
• E) None of the given answers.

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Definitions:

Backstage View

A feature in Microsoft Office applications that provides access to file management tasks, settings, and information about the document.

Email Client

A software application used to send, receive, store and view email.

Backstage View

A feature in Microsoft Office applications that offers access to file management tasks, including save, open, print, and share.

File Tab

In software applications, especially those part of Microsoft Office, the tab that opens the Backstage View for accessing various file-related options and settings.